Most Recent
Receivers appointed to Keystone fund amid ‘grave concerns’ over $160M transactions
ASIC has won its bid to appoint receivers to a managed investment scheme run by Keystone Asset Management after expressing "grave concerns" that investor funds were used to pay sports stars and buy a $4.3 million home for its former director.
Judge throws out defamation case over Shandee Blackburn podcast
A judge has thrown out a defamation case by John Peros, the former boyfriend of Shandee Blackburn, over a podcast by The Australian dealing with her murder, finding he did not suffer serious harm from the publication.
IAG’s risk assessment of COVID claims under microscope in shareholder class action
A judge has granted broad discovery to a shareholder class action against IAG over COVID-related disclosures, saying the documents sought were relevant to determining the likelihood the insurer knew of the risk that it would have to pay out business interruption claims covered by polices that referenced defunct legislation.
Transurban suppresses, settles employee’s harassment suit
Transurban has reached a confidential settlement in a case by an employee alleging sexual harassment, the second employment suit the toll road operator has resolved this month by a female worker.
Financial advisor jailed for 12 years after fleecing clients of $6M
A former financial advisor at the now-defunct Growth Plus Financial Group has been convicted on 28 counts of fraud and jailed for 12 years for defrauding clients of $6 million, in conduct a judge described as "evil" and "systematic".
PwC partner resolves suit over alleged $3.3M fraud scheme
A PricewaterhouseCoopers partner has reached a settlement in a case alleging she was involved in a $3.3 million scheme to defraud her husband's employer.
Judge halts BSF, Cigno penalty hearing, says ASIC should have fought appeal
A three-day penalty hearing in action against payday lenders BSF Solutions and Cigno -- in which ASIC is seeking a multi-million dollar fine -- has been put on ice until after a challenge to a finding that they were unlicensed credit providers.
Ten reporter settles personal injury case, forges ahead with discrimination suit
Former Ten journalist Tegan George has reached a settlement in a case claiming she suffered PTSD on the job, but will continue her separate lawsuit against the TV network for alleged sex discrimination.
AGL overcharged hundreds of customers receiving Centrelink payments, court finds
A judge has found energy company AGL committed thousands of contraventions of the Retail Rules by continuing to deduct payments from welfare recipients after they had closed their accounts.
OAIC won’t investigate facial recognition software company Clearview AI again
The OAIC will not investigate Clearview AI further after finding in 2021 that the US-based facial recognition software company breached privacy rules by scraping facial images from the web, but the regulator promised to weigh in soon on when the use of personal information to train AI could run afoul of privacy laws.